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Sony Computer Entertainment (SCE) has entered into a
definitive agreement on June 30, 2012 to acquire Gaikai
Inc., an interactive cloud-based gaming company, for
approximately USD 380 million.

Through the acquisition, SCE will establish a new cloud
service.

"By combining Gaikai's resources including its
technological strength and engineering talent with SCE's
extensive game platform knowledge and experience, SCE will
provide users with unparalleled cloud entertainment
experiences," said Andrew House, President and Group CEO of
Sony Computer Entertainment Inc. "SCE will deliver a
world-class cloud-streaming service that allows users to
instantly enjoy a broad array of content ranging from
immersive core games with rich graphics to casual content
anytime, anywhere on a variety of internet-connected
devices."

Established in 2008 and headquartered in Aliso Viejo,
California, Gaikai has developed the highest quality,
fastest interactive cloud-streaming platform in the world
that enables the streaming of quality games to a wide
variety of devices via the internet.

The transaction is subject to certain regulatory approvals
and customary closing conditions.